The Backpack exchange has reportedly reached over $600 million in daily trading volume within the first few days of its “preseason” launch. However, some have concerns that the majority of these trades appear to come from a single user.

FTX is allegedly going to reboot, but former employees are already building a new exchange. An employee is suing, while the bankruptcy estate sues Bybit to recover funds.

The crypto wallet provider announced the launch of a crypto exchange "dedicated to the ideals and principles the industry stands for." It has already secured a license in Dubai.